Latin America

Latin America
Thursday, November 5th 2009 - 07:21 UTC

US dollar falls to lowest rate in a year vis-à-vis the Chilean Peso

Analysts predict the US currency could fall to 510 CP

The US dollar fell to an exchange rate of Chilean Pesos 528 on Tuesday, the lowest rate since September 2008, a tendency confirmed in Wednesday’s trading. Since the beginning of 2009, the dollar has fallen 113 Chilean pesos.

Thursday, November 5th 2009 - 06:30 UTC

The Secret of Prosperity is Freedom

By Michael Magan (*)
On economic policy, Latin American leaders face a basic choice: Adopt old style government-heavy populism championed by Venezuelan president Hugo Chavez, or the market-friendly reforms instituted in countries like Brazil, Peru, and Chile?

Wednesday, November 4th 2009 - 13:21 UTC

Honduran presidential hopefuls sign democracy and governance pact

Zelaya is waiting to be reinstated as president

Four of the six candidates for Honduras presidential election next November 29th signed Tuesday the social pact to strengthen democracy, peace and freedom, one of several steps agreed last week to end the four months institutional crisis of the Central American country, according to political sources.

Wednesday, November 4th 2009 - 13:18 UTC

Peruvian regional initiative to cut military expenditure and fight poverty

During 2008 South America invested 34 billion US dollars in arms purchases

Peru launched in Argentina its peace, security and cooperation initiative to reduce arms purchases in the region and to lower expenditure on military hardware.

Wednesday, November 4th 2009 - 09:42 UTC

Cuba admits overseas purchases down 36% plus difficulties to pay suppliers

Trade Minister Rodrigo Malmierca forecasts more tough times ahead for the Cuban economy and consumers

Cuban purchases from United States companies will total some 580 million US dollars by the end of 2009, down 37% from last year, the head of the state corporation Alimport said this week.

Tuesday, November 3rd 2009 - 20:40 UTC

Chilean eco-tourism expands creating conservation zone in Patagonia

The conservation project includes protection of Chile’s national animal, the huemul

Chile’s largest Eco-Tourism firms, Nomads, plans to develop new tour routes after acquiring 22.000 hectares of un-spoiled land in southern Chile. The company hopes to create a conservation zone to protect various protected species living in the area.

Tuesday, November 3rd 2009 - 08:14 UTC

Aggressive Chilean tourism campaign to attract more Brazilians

Brazil is the largest economy of Latinamerica and has one of the strongest currencies in the region

Chilean authorities have just launched a new 4 million US dollars advertising campaign to attract more Brazilians to visit Chile. Funded by Tourism Chile and the National Economic Development Agency (CORFO), the promotion aims to increase the number of Brazilian tourists visiting Chile by 30%.

Tuesday, November 3rd 2009 - 08:03 UTC

OAS plans to reincorporate Honduras and lift sanctions next week

Former Chilean president Raul Lagos was named to the agreement verification committee

The Organization of American States, OAS, is planning an extraordinary general assembly for next week to approve the reincorporation of Honduras in anticipation of the country’s presidential election November 29th, according to Chilean minister of Foreign Affairs, Mariano Fernández.

Tuesday, November 3rd 2009 - 07:37 UTC

Chilean Navy state of the art OPV “Piloto Pardo” visits Punta Arenas

The vessel was built in Chile with German blueprints

One of Chile’s Navy latest incorporations Offshore Patrol Vessel (OPV 81) “Piloto Pardo” is currently in Punta Arenas from where it will be operating during summer months in fisheries patrol protection, search and rescue operations and other Chilean sovereignty activities along the country’s long coastline, EEZ plus Antarctic logistics tasks.

Monday, November 2nd 2009 - 11:44 UTC

Honduras election commission takes off; Lobo leads in opinion polls

Porfirio “Pepe” Lobo, head of the National party holds the key in Congress to restore governance and most probably be elected president Nov. 29

United States secretary of Labour and a former Chilean president were named Sunday to a commission tasked with monitoring the creation of a power-sharing government in Honduras, under a US-brokered agreement to end the Central American nation's four-month-old political crisis.


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